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Drafting Nonobligatory clauses which are in bold are the Obligatory Terms that the parties must include in the Representation Contract. Clauses in bold and italics represent alternative clauses, the
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Obligatory clauses are specific terms and conditions that must be included in a contract or agreement in order for it to be legally binding.
Any party entering into a contract or agreement that contains obligatory clauses is required to file them.
Obligatory clauses can be filled out by carefully reviewing the terms and conditions of the contract or agreement and ensuring that all required clauses are included.
The purpose of obligatory clauses is to protect the rights and interests of the parties involved in a contract or agreement by ensuring that certain terms and conditions are agreed upon.
The information that must be reported on obligatory clauses typically includes details about payment terms, dispute resolution mechanisms, termination clauses, and other important provisions.
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